My wife and I have both been out of work for three years and are drawing my pension and my wife's social security. We have two credit cards. One has a $6K balance and a 4.9% interest. We're not concerned about that one but we have another that is of great concern. Currently this second card has a balance of 12K. We have never been late on a payment and are now struggling to make these payments every month. When we first charged the original purchase it was $7000 and we have not charged anything else. The original interest rate was 6.9% and we were ok with that.


